BP Comment Quick Links
April 7, 2014 Fantasy FreestyleHome Cooking
As much as I enjoy the intensity of my expert league, I also enjoy the more relaxing pace of my home league auctions. They also offer a good opportunity for keeper league analysis that the non-keeper expert leagues do not. This past weekend, I participated in an AL-only home league auction. This league is as old school as you are going to get, with the old 4x4 rules still in effect (no runs or strikeouts). I won this league last year, so as a result, I had a very limited number of freezes coming in on Saturday.
I decided that I was going to spend all of my money on offense unless a closer fell through at a cheap price. I would only buy one or two additional starting pitchers and try to fill in with injury fliers and quality relief arms. I was hoping to spend about $200 on my offense and try to leverage the moderate keeper value in Castro, Loney, and Plouffe with the additional budget for offense to my advantage. I keep a round-by-round log in this league, so I can see the order the players were selected in and also who had the last bid on a player. Each “round” goes 12 players since there are 12 teams in the league. Dollar values for players I purchased are listed in bold. Players I had the last bid on are in italics (my bid is $1 lower than the listed bid). Auction inflation was about 16 percent. Round 1 1:5 Jose Abreu $28 1:10 Robinson Cano $39 1:11 Chris Davis $37 Money Left/Slots: $193/17 Round 2 2:14 Dustin Pedroia $30 2:17 Jose Bautista $30 Money Left/Slots: $163/16 Round 3 3:26 Ian Kinsler $26 3:28 Derek Jeter $7 3:29 Carlos Beltran $25 Money Left/Slots: $156/15 Round 4
After three rounds of bobbing and weaving, I tried pouncing and getting more aggressive. You might think that after getting Pujols, I chickened out on Encarnacion, but this isn’t the case at all; I simply did not want to go to $37. Johnson was the best shot I had at getting a closer, but there was no discount in this room for a poor start. The player I really wanted in this round was Santana, but his price climbed until the risk didn’t seem worthwhile. At the end of the round, Hamilton fell in at a price that I liked. Money Left/Slots: $106/13 Round 5
I should have pushed harder on speed, but the Reyes and Bourn injuries made me chicken out on both players. I have a little regret on Santos, particularly as a next year play. De Aza and Fowler both would have been younger, more athletic plays than the outfielders I wound up buying. Cabrera was a nice second middle-infield purchase. I am higher on him than most and am anticipating a mild bounce back. Money Left/Slots: $88/12 Round 6
When the prices are all too high by your lights, at some point you are going to get bargains. I filled out the rest of my outfield and spent a big chunk of my money. The problem I had with this team was that while my HR/RBI were going to be solid, I was way short in stolen bases. Dumping two categories (steals/saves) was not part of the plan. A lesser regret was that by buying Reddick and locking out my DH slot, I missed out on Billy Butler later (he went for $17). Money Left/Slots: $26/9 Round 7
I thought about going past price for Nova, but a plan is a plan and I did not want to deviate. As a result, I was able to capitalize on a second starting catcher in Navarro. I called Qualls out in an attempt to get a cheap saves flier at $1 or to suck a little money out of the room. Money Left/Slots: $20/8 Round 8
I needed some starters to make innings. Nolasco was my first attempt at a low-end play. Round 9
In a keeper league, Holland has future value but also some potential as a chip for owners playing for 2015. The prices for Cosart and Doubront might seem great if you like them; whether or not these are bargains would be contingent on the six remaining pitchers I bought for my staff. Money Left/Slots: $15/7 Round 10
Three or four owners were waiting on Profar, but one owner had $19 left for his last middle-infield slot and I only had a maximum bid of $9. If I had avoided Holland, all this would have done is pushed Profar to $15 and made him a poorer future play for his eventual buyer. Round 11
Round 12
Money Left/Slots: $5/4 With Profar gone, I decided to play the waiting game on Schoop. My maximum bid was $9, and two other owners had $8 left, so when Schoop was called up, I brought him right to $8 to end the bidding quickly. I’m still a Crain believer and think he can save 15 games when he returns. Round 13+
I didn’t buy saves by design, but I really wanted to take a flyer on Webb. Unfortunately, another owner had more money, and when I said “$2,” he jumped to $3. The upshot of this is that I was able to get Hector Santiago one player later with a $2 shut-out bid. Harrison is a fine DL flier and at one dollar Phil Hughes won’t be around more if Minnesota isn’t a home-field tonic. The End Result
*Freeze
Given that I only spent $59 on pitching, I like the staff a lot. Holland and Harrison make nice additions when they return from the DL, and Santiago is a solid sleeper. Crain should get some saves when he returns, which is helpful because two other teams dumped saves as well. The offense is where I am somewhat disappointed. There is certainly potential value across the board, but I don’t have enough speed and my batting average is so-so. I already have a trade offer in hand for speed that I’m likely to take to try and improve matters in that department, as I did not intend to give up on steals and saves. I always try to look back at my process at the end of every auction to try and review how I did. If you don’t have the time or inclination to keep track of your league’s bid history, at least try and go back and look at the players you purchased at the end of the season. The best way to improve your auctions is to study your results, win or lose.
Mike Gianella is an author of Baseball Prospectus. Follow @MikeGianella
22 comments have been left for this article.
|
I have read so many articles of your(and value drafters, of which I consider myself a strong member) over the years, there always seems to be a trend with "value" drafted teams...(I did it 3 years in the NFBC NL-only, it got us top 5 only usually..)
namely: old, injured, young, pt concerns, no specialized talent (sb, saves), unknown, 1 hit wonders, etc.
ie: Navarro(unproven), Jeter(old,injured), Pujols(old, injured), Schoop(young, unproven), Cabrera(.700 ops 2013), Bautista(injured, aging), Hamilton(um ya), Soriano(Old), Markakis($15!), Victorino(injured, aging), Reddick(.686 ops, with pt concerns), Scherzer(career year), sanchez(injured), Holland(injured), Santiago(4-9 1.40 WHIP), Crain(injured), Harrison(injured), Hughes(just no.), Ogando(injured/terrible/PT concerns), Peacock(minors/pt concerns)
...
I know it's an only league, but usually with all this uncertainty you could get a bunch more upside maybe?
I imagine that your home league constantly squeezes you with every player you target, so it probably impossible to get good buys!
keep up the great work!
p.s.
(not that anyone cares but I spent less than $55 in my deep keeper NL-only league(25% pitching inflation) and was able to snag this pitching staff: Arroyo, Bastardo, E.Jackson, Kendrick, Romo(Frozen $6), Ross, Thornburg, Jordan, Gee, Niese, Turner, Wood.)
(also just traded for $22 Papelbon after my $2 Parnell had TJ...)
I think that spending the extra $1 can net you ALOT of value in the mid-lower levels of pitching, especially in Only leagues if you do your homework, as oppose to the big bats where that money will always be a -.
I think your point regarding buying players on the "wrong" side of the age curve when you are having a "value" auction is valid (and I think you could have included Jose Bautista in there as well). However, when the complaint stretches too far and includes everyone regardless of age group, skill set, talent level, etc, then it veers more into an area of "I don't like your players and I think they cost too much money."
This is a valid opinion, but that is all it is. It is also a question of where I see upside versus where you see upside and it's difficult to debate that and "prove" who is right and who is wrong.
It's also worth noting that non-keeper leagues and keeper leagues are different animals. With five freezes and limited values, I was kind of boxed into optimizing categories. I intended to veer away from saves; not buying (enough) stolen bases was an accident, which I'll probably be able to remedy via trade quickly. I get that the $1 pitchers I bought are more likely to fail than succeed, but that's why I spent $1. I disagree with your theory on the lower level of pitching bringing back value; I've studied these data for years and typically the best ROI on pitchers in only leagues is on the extreme ends of the data curve. The pitchers in the middle are dangerous, and commonly lose about $4-5 per pitcher on average.
My point re: lower-level pitching.
The issue is when you are at $1 players, you are Drafting, and you are drafting last. Let's say every owner gets burned for 6 $1 players. But one owner has $12 left, (they saved $6 or whatever). Now the next best 72 players will need to be "drafted", the owner with $12 will get the BEST 6 players available. Keeping $12 is like going into the reserve rounds, with the first 6 overall picks.
Your own values support this. Using the NL LABR auction as an example, and removing catchers (i don't know why ALL of them went for $2...). The highest theoretical profit per player, is at the $2 range, the $1 players are actually lowest profit per player, until you get into the teens. (Note this is not ROI, its $ profit per player)
My point was, don't draft. We had 3 owners this year, that had to draft 10-12 players, and their teams are a wreck. If they had saved even $2 or $3 per slot, they would have gotten +20 or +30 in value.
Cheers,
Disclaimer: I did tweak the data somewhat, and remove some outliers of players that had been sent down/injured, etc. And I removed your ridiculous $8 value on Baez ;)
That would be true if I went to $1 per player early, but by the time I registered Schoop nearly every team was in dollar Derbyshire. The only pitcher I missed out on due to a lack of money is Webb.
And your theory would be correct if 12 robot auctioners used Mike Gianella bid prices. Then having nothing but $1 to spend at the end would be bad, bad, bad. But since 12 owners have 12 different opinions on player values, my $1 pitchers aren't $1 pitchers. They're $2-5 pitchers by my lights. Am I right? I don't know but that's the fun of playing out the season.
You've actually got it backwards. The LATER you get to $1 buys (comparatively), the worse. Everyone else's $1 guys got taken BEFORE yours, which means those players are worse. (unless all the other owners made mistakes, which is not the purpose of this discussion).
That's like saying "I got to pick REALLY late in the draft, that's awesome Right?"
Two points:
Consider an auction to be a draft where you buy your draft slots. (which it is, btw). Let's call it 250 player pool. Using Pecota, the distribution, the LAST player taken is worth exactly $1. The #225 is $2, the #205 is $3. The SOONER you acquire your players, during this stage, the better. I could show it mathematically, but you get the idea.
I was using the aggregate of your projections, to show my point, regardless of which values you use, having $2 per player, allows you to choose 5 players between ranks 150-200. If you wait, and are stuck in dollar days with everyone else, every pick you make is at best 11 picks worse than the last one (because every other has had a chance to pick the bones as well). The players you get will be closer to #210,220,230,240,250.
Yes, other owners will make mistakes/valuation differences, but your goal should Always be to have a Maximum value strategy, and this is Enhanced by having $2 left for every slot.
The easiest way for me to prove this is this: List every player that was taken in your home league at $1 or $2. Put the 5 best on your team, and assign them $2 salaries. Is this more profitable than the 5 you ended up with? If so, QED.
The 6 $1-2 pitchers I purchased were worth $23 by my bid limits and cost $6. The 6 best $1-2 pitchers purchased by others cost $9 and were worth $13. Leaving extra money for bargains works better in reauction leagues. In keeper leagues it is sometimes a bad plan; and indeed would have in fact been a bad plan last Saturday.
Sorry, 6 pitchers/$7, not 6/$6. My point stands though. In this auction, leaving extra cash for those slots would have cost me value.
Well played, you obviously know your league pretty well. You saved yourself $6.
Although you prove my point, accidently. According to your numbers, you got $+17 in value. When the alternative best case was $+8. But since you had no buying power, if the Other owners had said $2 on your players, there was almost no other value left for you to take. There's no way you could have predicted (or enforced) that you nabbed the 5 most valuable players remaining, when you have to wait 11 players longer to pick again.
So, the "schooling"(poker term) present in your auction saved you. If I had been in the auction, and agreed with yor values, I would have taken all those players and earned $23 on $12 in salary. You would have taken then next 6 best, I'll say for $7, and earned $13 (according to your numbers). I win in this case too.
So, the only way in theory, where 6 x $1 is superior, is when you can COUNT on the other 11 owners, not ever picking your guys. Which means you didn't get bargains, you got 6 players no one else wanted.
Something else you've missing is that nearly everyone was in the $1-2 range at this point. No one had $12/6. Can't steal from me if you can't outbid me.
(This wasn't an accident either. I was tracking this carefully. I'm sure some owners did want my end game bargains but were out of money)
What do you mean they can't steal from you, they can SAY THE NAME FIRST, that's my entire point.
Your exercise asked me to include $2 players.
Huh?
I was referring to: "Can't steal from me if you can't outbid me."
Of course they can, you only get to name one player at a time, if someone else names your next best value before you name another player, he's stolen from you, and worse, for a great value!
If you read the article carefully, you would have noted that I had more than $1 to bid until player #150 (Hector Santiago). It wasn't a round-by-round, dollar situation until near the very end....with nine players left to go. By this time, the players that could have been "stolen" from me were $2 pitchers. I happened to get both but - again - the marginal value of saving money earlier to gain two dollars in end game value most certainly would not have been worth it even if I failed to get these pitchers.